Ultimately, the reforms initiated by Mikhail Gorbachev led to the downfall of the Soviet Union. The correct option among all the options that are given in the question is the third option. Mikhail Gorbachev was born on 2nd march in the year 1931. He was the eighth and the last leader of the soviet Union. After that many states departed from the Union and it came to be known as Russia.<span />
The best option as to an idea proposed by 19th-century socialists was "Government should own the means of <span>production" because they thought this would decrease competition. </span>
